{"id":11748,"date":"2015-02-04T20:53:50","date_gmt":"2015-02-05T01:53:50","guid":{"rendered":"https:\/\/wncen.com\/?p=11748"},"modified":"2024-06-11T12:56:12","modified_gmt":"2024-06-11T12:56:12","slug":"bitcoin-price-technical-analysis-422015-uncertainty-prevails","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-price-technical-analysis-422015-uncertainty-prevails\/","title":{"rendered":"Bitcoin Price Technical Analysis for 4\/2\/2015 \u2013 Uncertainty"},"content":{"rendered":"
Bitcoin price exhibited sideways movement as we approach the $200 support level. Although chart analysis is in favor of a price advance in the near future, low trading volumes and uncertainty of traders has led to today’s sideways price movement.<\/p>\n
By looking at the 1 hour Bitfinex (BTC\/USD) charts from tradingview.com (look at the below chart), we can notice the sideways movement of bitcoin price during today’s trading hours. The price seemed to oscillate between $220 and $230 without a definable trend. The low trading volume today reflects uncertainty of a large percentage of traders who prefer to delay investing in long positions until charts are more meaningful.<\/p>\n